Question 1

Neural networks outperfom expert systems in uncovering ________.

Accepted Answer

A) credit card fraud 
B) false positives for pregnancy 
C) potential credit card customers 
D) credit problems in bank mortgages 
A) credit card fraud 
B) false positives for pregnancy 
C) potential credit card customers 
D) credit problems in bank mortgages

Question 2

Which phrase best summarizes the drawbacks of group decisions?

Accepted Answer

A) A camel is a racehorse put together by a manager. 
B) A camel is a racehorse put together by a committee. 
C) A camel is a no racehorse when it comes to speed. 
D) A camel beats a racehorse in a long race. 
A) A camel is a racehorse put together by a manager. 
B) A camel is a racehorse put together by a committee. 
C) A camel is a no racehorse when it comes to speed. 
D) A camel beats a racehorse in a long race.

Question 3

A manager wants to invest in one of three start-up companies.All three of the companies seem to have a good business plan.None of the companies has a track record.The manager is operating under which condition?

Accepted Answer

A) uncertainty 
B) certainty 
C) low certainty 
D) risk 
A) uncertainty 
B) certainty 
C) low certainty 
D) risk

Question 4

A person who satisfices fails to ________.

Accepted Answer

A) maximize his or her decision 
B) understand his or her position 
C) accept the truth of a situation 
D) make any kind of decision 
A) maximize his or her decision 
B) understand his or her position 
C) accept the truth of a situation 
D) make any kind of decision

Question 5

Managers identify a problem by comparing the current state of affairs to some standard.

Accepted Answer

A) True 
 B)False

Question 6

In a short essay, list and discuss the first four steps in the decision-making process.Give an example of each step.

Accepted Answer

Step 1: Identification of a problem
The

Question 7

Most managerial decisions include an element of risk.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following group techniques allows group members to meet together, but at the same time facilitates independent decision making?

Accepted Answer

A) brainstorming 
B) nominal group technique 
C) large meetings of over 50 individuals 
D) small meetings of less than 10 individuals 
A) brainstorming 
B) nominal group technique 
C) large meetings of over 50 individuals 
D) small meetings of less than 10 individuals

Question 9

Intuitive decision making can complement ________.

Accepted Answer

A) rational decision making only 
B) bounded rationality only 
C) both rationality and bounded rationality 
D) neither rationality nor bounded rationality 
A) rational decision making only 
B) bounded rationality only 
C) both rationality and bounded rationality 
D) neither rationality nor bounded rationality

Question 10

A manager can faithfully execute the decision-making process but still end up with nothing of value if ________.

Accepted Answer

A) he fails to identify the correct problem 
B) he fails to assign number values to different criteria 
C) he solves the problem inefficiently 
D) he fails to correctly identify the steps of the process 
A) he fails to identify the correct problem 
B) he fails to assign number values to different criteria 
C) he solves the problem inefficiently 
D) he fails to correctly identify the steps of the process

Question 11

A manager is considering purchasing new computers for her department.The manager spends time assessing the computers her department now has.Which stage of the decision-making process is she going through?

Accepted Answer

A) identification of a problem 
B) identification of decision criteria 
C) development of alternatives 
D) implementation of an alternative 
A) identification of a problem 
B) identification of decision criteria 
C) development of alternatives 
D) implementation of an alternative

Question 12

________ can cause people in a group to fail to express their true opinions.

Accepted Answer

A) Ambiguous responsibility 
B) Group imbalance 
C) Pressure to conform 
D) Years of experience 
A) Ambiguous responsibility 
B) Group imbalance 
C) Pressure to conform 
D) Years of experience

Question 13

A synonym for the word satisfice is maximize.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is an example of an unstructured problem?

Accepted Answer

A) finding the list price of different copy machines 
B) choosing the best wardrobe for an executive 
C) comparing gas mileage for different car models 
D) measuring pollution levels in a power plant 
A) finding the list price of different copy machines 
B) choosing the best wardrobe for an executive 
C) comparing gas mileage for different car models 
D) measuring pollution levels in a power plant

Question 15

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

Accepted Answer

A) more likely to make risky decisions 
B) less likely to make risky decisions 
C) less likely to make safe, conservative decisions 
D) more likely to disagree with their leaders' decisions 
A) more likely to make risky decisions 
B) less likely to make risky decisions 
C) less likely to make safe, conservative decisions 
D) more likely to disagree with their leaders' decisions

Question 16

In a short essay, describe how electronic meetings can help avoid groupthink and enhance creativity in group decision making.

Accepted Answer

The most recent approach to group decisi

Question 17

Which term best characterizes a decision that has bounded rationality?

Accepted Answer

A) virtually perfect 
B) rigorous and comprehensive 
C) not good enough 
D) just good enough 
A) virtually perfect 
B) rigorous and comprehensive 
C) not good enough 
D) just good enough

Question 18

The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately ________.

Accepted Answer

A) determining if there is a solution to the problem 
B) solving the problem 
C) making a plan to solve the problem 
D) breaking down the problem into a series of steps 
A) determining if there is a solution to the problem 
B) solving the problem 
C) making a plan to solve the problem 
D) breaking down the problem into a series of steps

Question 19

Since all members of a group are rarely equal in status, most groups suffer from ________.

Accepted Answer

A) minority domination 
B) majority domination 
C) too much diversity 
D) gridlock 
A) minority domination 
B) majority domination 
C) too much diversity 
D) gridlock

Question 20

Which of the following is NOT a type of programmed decision?

Accepted Answer

A) systematic procedure 
B) policy 
C) brainstorm 
D) rule 
A) systematic procedure 
B) policy 
C) brainstorm 
D) rule

Neural networks outperfom expert systems in uncovering ________.

Which phrase best summarizes the drawbacks of group decisions?

A manager wants to invest in one of three start-up companies.All three of the companies seem to have a good business plan.None of the companies has a track record.The manager is operating under which condition?

A person who satisfices fails to ________.

Managers identify a problem by comparing the current state of affairs to some standard.

In a short essay, list and discuss the first four steps in the decision-making process.Give an example of each step.

Most managerial decisions include an element of risk.

Which of the following group techniques allows group members to meet together, but at the same time facilitates independent decision making?

Intuitive decision making can complement ________.

A manager can faithfully execute the decision-making process but still end up with nothing of value if ________.

A manager is considering purchasing new computers for her department.The manager spends time assessing the computers her department now has.Which stage of the decision-making process is she going through?

________ can cause people in a group to fail to express their true opinions.

A synonym for the word satisfice is maximize.

Which of the following is an example of an unstructured problem?

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

In a short essay, describe how electronic meetings can help avoid groupthink and enhance creativity in group decision making.

Which term best characterizes a decision that has bounded rationality?

The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately ________.

Since all members of a group are rarely equal in status, most groups suffer from ________.

Which of the following is NOT a type of programmed decision?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Entrepreneurship Module

Appendix: Quantitative Module

Appendix: Career Module

Filters

Exam 4: Foundations of Decision Making

Neural networks outperfom expert systems in uncovering ________.

Which phrase best summarizes the drawbacks of group decisions?

A manager wants to invest in one of three start-up companies.All three of the companies seem to have a good business plan.None of the companies has a track record.The manager is operating under which condition?

A person who satisfices fails to ________.

Managers identify a problem by comparing the current state of affairs to some standard.

In a short essay, list and discuss the first four steps in the decision-making process.Give an example of each step.

Most managerial decisions include an element of risk.

Which of the following group techniques allows group members to meet together, but at the same time facilitates independent decision making?

Intuitive decision making can complement ________.

A manager can faithfully execute the decision-making process but still end up with nothing of value if ________.

A manager is considering purchasing new computers for her department.The manager spends time assessing the computers her department now has.Which stage of the decision-making process is she going through?

________ can cause people in a group to fail to express their true opinions.

A synonym for the word satisfice is maximize.

Which of the following is an example of an unstructured problem?

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

In a short essay, describe how electronic meetings can help avoid groupthink and enhance creativity in group decision making.

Which term best characterizes a decision that has bounded rationality?

The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately ________.

Since all members of a group are rarely equal in status, most groups suffer from ________.

Which of the following is NOT a type of programmed decision?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Entrepreneurship Module

Appendix: Quantitative Module

Appendix: Career Module

Filters